Global hotel giants flock to Vietnamese tourism

The country has witnessed a large amount of growth in the numbers of international hotel brands and foreign management companies over the past few years. According to the latest figures by Savills Vietnam, the number of international hotel operators has increased from 30 in 2010 to just short of 80 at the end of 2017. In the first half of 2018, some additional famous brand names came to Vietnam. Among them are Mandarin Oriental in Ho Chi Minh City and Best Western Premier in the central province of Quang Binh. Radisson Hotel Group recently opened Radisson Blu Resort on Phu Quoc-its first hotel in Vietnam. Travelodge Asia also announced plans for its first property in the central coastal city of Nha Trang, which is scheduled to open in 2020. Meanwhile, Spain’s Melia Hotel International has strengthened its footprint in Vietnam with the recent signing of three new properties in Ho Chi Minh City, namely Melia Saigon Central, INN-SIDE Saigon Central, and INNSIDE Saigon Mariamman, bringing the group’s number of current and future properties in Vietnam to 10. There have also been new brands introduced into the market in the last three years, including Ozo and X2 Vibe (in New Hoi An City), Double Tree by Hilton (in Halong, Vung Tau, and Hanoi), Four Seasons (in Quang Nam and Hanoi), Oakwood (in Ho Chi Minh City), Glow (in Danang), and Mai House (in Ho Chi Minh City). Mauro Gasparotti, director of Savills Hotels Asia Pacific, said that he observed a large… [Read full story]